Shareholders ARE unsecured creditors.
This is the only Q stock I have that hasn't spiked yet. They ARE unsecured creditors, and there was also a final ruling last week by the judge restricting trading in the stock. In other words, nobody is allowed to buy or sell 2,000 shares without court approval.
So, some entity will use the NOLs coming out of this. I have a feeling that the secured noteholders might allow Palm Beach Capital to take the shell as part of a settlement, since the secured shareholders sold the shares short and scammed the public on this death spiral financing.
We'll see, suckers. I know the shorts will cover in September, near the one year anniversary of the plunge.....if not sooner.
